Donald Trump’s recent praise for Bitcoin has sent shockwaves through the crypto world. This surprising endorsement marks a significant shift in the former president’s stance on cryptocurrencies.
From Skeptic to Supporter
Trump, previously known for his skepticism towards crypto, has now publicly declared Bitcoin “amazing.” He made this statement during a speech, highlighting the asset’s job creation and its growing use in payments within the US. He even suggested Bitcoin is easing pressure on the US dollar. He went further, stating his family also believes in Bitcoin and that he’s proud of the crypto industry he helped build in the US. He emphasized that if the US didn’t lead in crypto, China would.
America as the Crypto Capital
In another speech, Trump reiterated his commitment to making the US the global leader in cryptocurrency. He linked Bitcoin’s recent price increases to this goal, suggesting his commitment is a major factor in its success. He highlighted Miami’s current leading role in the US crypto scene. He stated that the US needs to remain at the forefront of innovation, and that includes the crypto space.